CSBJ Daily

A private Colorado Springs school for gifted children – Renaissance Academy at 2760 Fieldstone Road – has fallen victim to the poor economic times and closed its doors abruptly this morning.
Parents and faculty received notice yesterday that the school would be closing. Some parents didn’t find out until they attempted to drop their children off […]

When Gov. Bill Ritter announced a likely freeze on hiring new state employees and ordered a halt to new construction last week, Colorado’s institutions of higher learning were suddenly put on high alert.
The move was precipitated by the state legislature’s Joint Budget Committee, which warned the governor’s office that the state could be facing a […]

In the spirit of keeping good people on the job, the El Paso County Naturalist Docent organization raised $85,000, which it has donated to pay the salaries of full-time parks staff through the end of the year.
The volunteer group presented a check to the El Paso County Commissioners, citing a desire to […]

Since 1992, Colorado wineries have grown 1,085 percent.
No, that’s not a typo.
During 2008 alone, the state’s wine industry increased production by 11.44 percent and surpassed 1.84 percent market share by volume.
The 110,000 cases of wine reported to the Department of Revenue, from 72 wineries, during the 2008 fiscal year were not necessarily […]

Wall Street’s worst fears came to pass today, when the government’s financial bailout plan failed in Congress and stocks plunged precipitously – hurtling the Dow Jones industrials down nearly 780 points in their largest one-day point drop ever.
Credit markets, whose turmoil helped feed the stock market’s angst, froze up further amid […]

The Federal Reserve Bank announced this morning that it would take “further coordinated actions” to expand U.S. dollar liquidity worldwide.
The actions include increasing currency swaps with foreign central banks from $330 billion to $450 billion and expanding the Fed’s emergency loan program by $150 billion.

The action was taken in concert with other central banks, including […]

The expanded El Paso County parking garage at the northwest corner of Costilla and Tejon streets will open Oct. 1
The building now has 781 parking spaces. The $6.2 million project, which added three levels to the building, started during May.
The garage is open to the public as well as county employees.
Hours are […]

The Associated Press
NEW YORK – In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp.

Citigroup will absorb up to $42 billion of losses from Wachovia’s $312 billion loan portfolio, with the FDIC covering any remaining […]

The Associated Press
NEW YORK – TiVo Inc. and Nero AG of Germany were set to announce Monday that they will be launching a package that turns a Windows computer into a TV recorder, just like a TiVo set-top box.
The kit will cost $199 when it goes on sale Oct. 15, and includes a […]

The Associated Press
NEW YORK – As the debate over a $700 billion bank bailout rages on in Washington, one of the nation’s largest banks – Washington Mutual Inc. – has collapsed under the weight of its enormous bad bets on the mortgage market.
The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the […]